YashinNashi
YashinNashi t1_iz97fbb wrote
Reply to comment by PostureGai in Jury finds Trump Organization guilty of tax fraud on all counts - ABC News by imll99
You asked for an ELI5. Yes, it's statutory. The fraud for a corporation is up to $500,000. The other cbarges added the rest, then there was probably a direct penalty on the amount unreported. Felony doesn't equal major crime, it's just on a larger scale. I was explaining like you were 5 and meant that they didn't do anything extraordinary.
EDIT: Because you are a incapable of an honest discussion and blocked me after taking one last cheap shot. I literally used the words, "a big deal" to describe it. You are being intentionally obtuse. Don't ask questions in a public forum if you don't want people to respond. Good luck with your personal issues.
YashinNashi t1_iz95f4r wrote
Reply to comment by PostureGai in Jury finds Trump Organization guilty of tax fraud on all counts - ABC News by imll99
Because this is't really a major crime. Tax crimes are federal and always a big deal, but this really just amounts to improperly filing taxes. They were convicted of doing it intentionally, so it's fraud, and that adds an extra penalty. But this isn't anything unusual for a large corporation, to be honest.
YashinNashi t1_iza5t4i wrote
Reply to comment by monkeysandmicrowaves in Jury finds Trump Organization guilty of tax fraud on all counts - ABC News by imll99
No, they'll have to pay all the taxes they owed plus the fines.